2020 1040 Schedule B DIV Line 9

[ldunlap]

I have a client with an amount entered on Line 9 (Cash liquidation distributions) on their "Dividends and Distributions" information and I don't know where to enter it on the tax return or even if it should be entered.  I have never encountered this before.  Has anyone else?

Thank you,

[PATAX]

@ldunlap it should be entered on Schedule D worksheet in my opinion. .  

Enter The total amount on the gross proceeds and then the cost basis in the appropriate box.

[sjrcpa]

It's taxable, Sch D to the extent it exceeds basis. Otherwise not reportable.